Restoration Hardware shareholder Palo Alto supports acquisition of company

By Lisa Kerner

Charlotte, N.C., Nov. 19 - Restoration Hardware, Inc. stockholder Palo Alto Investors, LLC entered into a voting agreement in support of the company's acquisition by an affiliate of Catterton Partners, according to a schedule 13D filing with the Securities and Exchange Commission.

Palo Alto owns 4,474,800 shares or 11.5% of the Corte Madera, Calif.-based specialty retailer.

Restoration agreed to be acquired for $6.70 cash per share in deal valued at some $267 million.

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